FirstBank Ghana has officially introduced a series of Micro, Small, and Medium Enterprises (SME) clinics nationwide, aimed at equipping business owners with essential skills and knowledge for more effective operations. 

The initiative commenced last week in Kasoa, where around 50 SME owners engaged in a comprehensive advisory session lasting an entire day.

These SME clinics are structured to bolster the capabilities of business owners in vital areas such as bookkeeping, corporate governance, electronic banking, and strategies for business growth. Additionally, they aim to present new trends that can enhance income and revenue streams for these enterprises.

The advisory sessions form part of FirstBank Ghana’s extensive strategy to support the SME sector, which is acknowledged as a crucial contributor to the country’s economic growth.

Eric Fia, Head of SME Banking at FirstBank Ghana, emphasized the bank’s steadfast dedication to the growth and sustainability of SME businesses. He remarked, “At FirstBank, our customers are our priority. These clinics reflect our commitment to ensuring that our SME clients receive optimal guidance and remain updated on trends and innovations that can enhance their operations. 

We recognize the challenges that SME owners face in today’s evolving market landscape. Through these clinics, we strive to offer customized advice and practical resources to help them overcome these challenges and thrive.”

Allen Quaye, Head of Retail Banking at FirstBank Ghana, also spoke at the session, underscoring the significance of the SME sector to the Ghanaian economy. “SMEs are fundamental to our economy. They play a vital role in job creation and economic advancement.

FirstBank Ghana is committed to empowering these businesses by equipping them with the necessary skills and tools for sustainable growth and profitability,” he stated.

Mr. Quaye emphasized that the SME clinics are integral to FirstBank’s broader strategy aimed at enhancing financial inclusion and bolstering the local economy. “Our goal is to provide SMEs throughout Ghana with the necessary resources to succeed. We see ourselves not merely as a bank, but as a partner in their journey to success.”

Attendees at the workshop in Kasoa expressed their gratitude for the initiative, commending the high quality of the material presented and the practical knowledge acquired. Many participants noted the significance of the discussions on taxation, electronic banking, corporate governance, and strategies for increasing revenue.

“The insights we gained today are priceless. They will undoubtedly assist me in managing my business more effectively and making better-informed decisions,” remarked one participant.

The success of the Kasoa event has paved the way for future sessions in other communities served by FirstBank. FirstBank Ghana is dedicated to enhancing its support for SMEs nationwide, ensuring that more entrepreneurs can take advantage of these vital advisory services.

FirstBank Ghana is a member of the First Bank Group of Nigeria Limited, which is commemorating its 130th anniversary this year. The group has a presence in several countries, including the UK, DRC, Guinea, Sierra Leone, Gambia, and Senegal.